ISLAMABAD, : Energy projects will add 10,000 MW to the national grid that will help overcome the energy shortages and end load-shedding in the country in a few months, Minister for Interior, Planning, Development and Reform Ahsan Iqbal said here on Friday. Talking to APP before leaving for New York at the end of his visit here, the Minister said that the government made conscious efforts during the past four years to end the energy crisis that hurt every sector of the economy and affected the country’s exports. “When we came into power after winning the general elections, the country was facing the worst energy crisis of its history with power outages of as long as 20 hours a day,” the Minister said but added that today, the load-shedding had been drastically reduced to just few hours a day. He said that various measures taken by the government, including energy projects that would add 10,000 MG to the national energy supply, would end the energy crisis in the country. By redressing the energy shortfall, the government was keen to boost economic productivity, he added. The Minister said that under the China Pakistan Economic Power Corridor (CEPC), private sector had invested $36 billion into the energy sector and it was not loan. He said as a result of this massive investment, Pakistan would soon be free of load-shedding. He particularly mentioned about the Chinese investment in the coal sector and said that Pakistan had coal reserves that were sufficient for 400 years. Responding to a question about the trade imbalance, the Minister said that import bill rose mainly on account of importing machinery that was needed for various projects. After completion of these projects, Pakistan would be able to increase its productivity which would boost exports.
Originally published by APP